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elimination of "rat race" competition
破除内卷式竞争
Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made an inspection tour in Guizhou Province from March 17 to March 18, 2025. Xi demanded resolute efforts to eliminate local protectionism, market segmentation and "rat race" competition to create a stable, fair, transparent and predictable environment for businesses.
2025年3月17日至18日，中共中央总书记、国家主席、中央军委主席习近平在贵州考察。习近平强调，坚决破除地方保护、市场分割、“内卷式”竞争，为全社会创业创新营造稳定公平透明、可预期的环境。
It is imperative for the province to deepen reform on market-based allocation of resources, and take the initiative to address issues such as local protectionism, market division and "rat race" competitions. It is essential to fully implement the guiding principles of the symposium on private enterprises held in February, treat all enterprises equally no matter what their ownership is, and make sustained efforts to improve the business environment. It is imperative to steadily expand institutional opening up and create more room for international cooperation.
要深化要素市场化配置改革，主动破除地方保护、市场分割和“内卷式”竞争。要全面落实民营企业座谈会精神，一视同仁对待各种所有制企业，持续优化营商环境。要稳步扩大制度型开放，不断拓展国际合作空间。
Vocabulary:
相关词汇：
fair competition review mechanism
公平竞争审查机制
local protectionism
地方保护主义
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